Volex (LON:VLX) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Volex shares rose above their 200-day moving average, reaching GBX 619 and last trading at GBX 614, up 1.8% with 680,798 shares changing hands.
• Analyst sentiment is broadly positive: four analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of GBX 594.
• Volex reported quarterly EPS of GBX 35.20, a 5.29% net margin and 15.29% return on equity; insider Nathaniel Rothschild also purchased 7,500 shares, while insiders collectively own 35.49% of the company.

Volex plc (LON:VLX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 558.73 and traded as high as GBX 619. Volex shares last traded at GBX 614, with a volume of 680,798 shares changing hands.

Wall Street Analyst Weigh In

VLX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Volex from GBX 500 to GBX 590 and gave the company a "hold" rating in a research report on Friday, June 26th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 700 target price on shares of Volex in a report on Tuesday, August 25th. Canaccord Genuity Group upgraded shares of Volex to a "buy" rating and raised their target price for the stock from GBX 590 to GBX 600 in a research note on Tuesday, July 21st. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 700 price target on shares of Volex in a report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 594.

Volex Trading Up 1.8%

The stock has a market cap of £1.12 billion, a PE ratio of 17.59 and a beta of 1.20. The company has a debt-to-equity ratio of 46.75, a quick ratio of 1.04 and a current ratio of 1.74. The stock has a fifty day moving average price of GBX 561.43 and a 200 day moving average price of GBX 558.73.

Volex (LON:VLX - Get Free Report) last released its earnings results on Friday, June 26th. The company reported GBX 35.20 earnings per share (EPS) for the quarter. The firm had revenue of GBX 124.26 billion during the quarter. Volex had a net margin of 5.29% and a return on equity of 15.29%. Equities analysts expect that Volex plc will post 30.9454191 EPS for the current year.

Insider Buying and Selling at Volex

In related news, insider Nathaniel Rothschild bought 7,500 shares of the stock in a transaction dated Thursday, July 9th. The stock was purchased at an average cost of GBX 510 per share, with a total value of £38,250. Company insiders own 35.49% of the company's stock.

About Volex

Volex plc AIM: VLX is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.

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